EXHIBIT 23.1C     
 
                        CONSENT OF INDEPENDENT AUDITORS
   
The Trustees     
   
Imperial Credit Capital Trust I:     
   
We consent to the inclusion of our report dated November 12, 1997, with
respect to the balance sheet of Imperial Credit Capital Trust I as of
September 30, 1997, and the related statements of operations, changes in
security holder's equity, and cash flows for the period from June 9, 1997
(inception) through September 30, 1997, which report appears in the Form S-4
of Imperial Credit Industries, Inc. and to the reference to our firm under the
heading "Experts" in the Registration Statement.     
 
                                          KPMG Peat Marwick LLP
 
Los Angeles, California
   
November 13, 1997